Even if I can't collect on it it will reflect on their credit and pop a red flag for future potential landlords and financial institutions.  

The difference in cash flow will be a direct reflection of the difference in acquisition cost and the difference in expectation for appreciation.  

The key is establishing and maintaining open and honest communication, being polite and respectful, having a strong rental agreement in place and having the moxie to enforce it in a professional manner.From our rental criteria:RESIDENCE/RENTAL HISTORY1.We will examine the most recent five years of residence history.2.Home ownership will be verified through the tax assessors office and/or credit report.3.Rental history will be verified through the property owner and/or rental agent. 4.Rental history reflecting any unpaid past due rent, damages or fees will result in denial.5.Rental history showing excessive property damage, excessive noise, or unruly behavior will result in denial.6.Three or more notices for failure to pay rent and/or to comply with the terms of the rental agreement, within a 12 month period, will result in denial.7.A person with an eviction or unlawful detainer on their record may be approved if full restitution has been made.

My decision is going to be to reduce the tax basis in each property by the amount of the settlement recovery which will then be reflected in the gain or loss on disposition (i.e., greater gain on sale due to a lower tax basis) if/when I sell each property.

I have tried to keep my cool with her though as I do believe she's feeling stressed and her emails are reflecting that attitude.  

If you are "qualified" with 212 Finance, then certain deals go out to you for 24 hours before being offered to non-finance customers.They are corporate and nation-wide and I'm sure their deal numbers reflect that, but I'm curious to hear from anyone who has had actual business dealings with them.

Excerpt from our rental criteria:RESIDENCE/RENTAL HISTORY1.We will examine the most recent five years of residence history and all legal history.2.Home ownership will be verified through the tax assessors office and/or credit report.3.Rental history will be verified through the property owner and/or rental agent. 4.Rental history reflecting any unpaid past due rent, damages or fees will result in denial.5.Rental history showing excessive property damage, excessive noise, or unruly behavior will result in denial.6.Three or more notices for failure to pay rent and/or to comply with the terms of the rental agreement, within a 12 month period, will result in denial.7.A person with an eviction or unlawful detainer on their record may be approved if full restitution has been made.

(A recorded trustee's deed (or similar alternative) confirming the amount paid by the grantee to trustee may be substituted for a settlement statement if a settlement statement was not provided to the purchaser at time of sale.)The preliminary title search or report must confirm that there are no existing liens on the subject property.The sources of funds for the purchase transaction are documented (such as bank statements, personal loan documents, or a HELOC on another property).If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.

If you choose to do neither live with the consequences and do not complain since you have created the situation through your on inaction.Your lease must reflect only those rules you intend to inforce.

I’m going to hold off on buying until next year since harvey is likely shifting the buy/sell housing market and will reflect next year.